How to Calculate the Unit Cost of Napkins with a 49% Markup?

What is the unit cost of napkins that retail for $135 a dozen and have a 49% markup?

Could you explain how to calculate the unit cost of napkins with a 49% markup?

Unit Cost Calculation for Napkins with 49% Markup

The unit cost of napkins that retail for $135 a dozen with a 49% markup is $15.07.

Calculating the Unit Cost of Napkins with a 49% Markup

Are you ready to dive into the exciting world of napkin unit cost calculation with a 49% markup? Let's get started!

Firstly, we need to determine the cost per dozen napkins based on the retail price of $135. To find the cost per dozen, we divide the retail price by the number of napkins in a dozen:

Cost per dozen: $135 / 12 = $11.25

Next, we calculate the markup amount, which is the percentage added to the cost to determine the selling price. In this case, the markup is 49%. To find the markup amount, we multiply the cost per dozen by the markup percentage:

Markup amount: $11.25 * 0.49 = $5.51

After determining the markup amount, we add it to the cost per dozen to find the selling price per dozen:

Selling price per dozen: $11.25 + $5.51 = $16.76

Finally, to calculate the unit cost, we divide the selling price per dozen by the number of napkins in a dozen:

Unit cost: $16.76 / 12 = $1.40 (rounded to two decimal places)

And there you have it! The unit cost of napkins with a 49% markup is $1.40. Now you're equipped with the knowledge to dazzle your friends with your napkin cost calculation skills!